Review of the Rationale for Strategically Held Shares and Disposal of Shares Held Without a Rational Basis
First written in FY2019. 5 of 8 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「東洋建設㈱ … All shares held in the company were sold during the fiscal year.」
Based on the review and disposal policy for cross-shareholdings, all shares held in 東洋建設㈱ were sold. - FY2024AdvancedAnnual report
「During the fiscal year, the holdings whose number of shares declined comprised 2 securities other than unlisted shares; the total sale value associated with the reduction in shareholdings was ¥179 million.」
Based on the review of the rationale for cross-shareholdings, 2 listed securities were sold, and a sale value of ¥179 million and a gain on sale of ¥155 million were recorded. - FY2024-Q3Continued decline in dividends from cross-shareholdingsAnnual report
「The increase in ordinary loss was due to a decline in dividends from cross-shareholdings.」
Dividends from cross-shareholdings declined from ¥358 million in the same period of the previous year to ¥190 million, and continued to be cited as a factor behind the increase in ordinary loss. - FY2024-Q2Decline in dividends from cross-shareholdingsAnnual report
「The increase in ordinary loss was due to a decline in dividends from cross-shareholdings.」
Dividends from cross-shareholdings declined from ¥185 million in the same period of the previous year to ¥126 million, while ordinary loss increased from ¥568 million to ¥788 million. The decline in dividend income was identified as a performance factor in connection with the policy for holding and disposing of cross-shareholdings. - FY2021AdvancedAnnual report
「Proceeds of ¥8,380 million were received from the sale of part of the cross-shareholdings to improve the efficiency of held shares and strengthen the financial position.」
Based on the review and disposal policy for cross-shareholdings, proceeds of ¥8,380 million and a gain on sale of ¥8,149 million were recorded. - FY2021-Q3AdvancedAnnual report
「Gain on sale of investment securities ¥4,204 million」
In connection with the review and disposal policy for cross-shareholdings, a gain on sale of investment securities of ¥4,204 million was recorded as extraordinary income. The disclosure progressed from the previously stated disposal policy to the recognition of the gain on sale. - FY2021-Q2AdvancedAnnual report
「To improve the efficiency of its assets and strengthen its financial position, the Company sold part of the investment securities held by its consolidated subsidiary, consisting of 1 listed security. Accordingly, a gain on the sale of investment securities of ¥3,639 million will be recorded as extraordinary income for the nine-month period of the fiscal year ending March 2021.」
In connection with the review and disposal policy for cross-shareholdings, the Company indicated that it had sold 1 listed security and planned to record a gain on sale of ¥3,639 million. - FY2019First statedAnnual report
「Each year, the Company reviews at the Board of Directors the medium- to long-term economic rationale and future outlook for its principal cross-shareholdings. Its basic policy is to dispose of holdings judged unlikely to contribute to an increase in corporate value by an advantageous method.」
The policy of reviewing the medium- to long-term economic rationale and future outlook of cross-shareholdings annually at the Board of Directors, and disposing of holdings that do not contribute to increasing corporate value, was disclosed for the first time.